The latest housing report out today for the DC area shows the continued trend of rising home prices and dropping sales in the region. However, pending sales numbers were up in March, an indication that buyer demand may be starting to outweigh rising prices.
Below, UrbanTurf picked out a number of relevant numbers and statistics from the MarketStats by ShowingTime report.
- $450,000 — The median home price in the region in March, marking the 30th consecutive month of year-over-year price increases.
- $310,000 — The median home price in the region in March 2010, 45 percent lower than the current median price.
- $579,250 — The median home price in Alexandria in March, a 24 percent increase over March 2018.
- 10% — The drop in closed sales in the region compared to last March.
- 9.2% — The increase in pending sales in DC in March.
- 26 — The median number of days that homes spent on the market in March.
- 6,799 — The number of active listings on the market in the region, down 9.7 percent compared to last year.
- 7.3% — The increase in supply in DC proper, the only jurisdiction to see inventory increase.
- 98.5% — The average percent of original list price received at sale in the region, the highest March level in a decade.
- 100.1% — The average percent of original list price received at sale in Alexandria, the highest for a local jurisdiction in March.
SOURCE: Urban Turf